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Ecosystem services or eco-services are defined as the goods and services provided by ecosystems to humans. [3] Per the 2006 Millennium Ecosystem Assessment (MA), ecosystem services are "the benefits people obtain from ecosystems". The MA also delineated the four categories of ecosystem services into provisioning, regulating, supporting, and ...
Ecological goods and services (EG&S) are the economical benefits (goods and services) arising from the ecological functions of ecosystems. Such benefits accrue to all living organisms, including animals and plants, rather than to humans alone. However, there is a growing recognition of the importance to society that ecological goods and ...
This includes its role in providing ecosystem services - the benefits that humans get from ecosystems. Biodiversity plays a major role in the productivity and functioning of ecosystems, affects their ability to provide ecosystem services. [2] For example, biodiversity is a source of food, medication, and materials used in industry. Recreation ...
Ecosystem valuation is an economic process which assigns a value (either monetary, biophysical, or other) to an ecosystem and/or its ecosystem services.By quantifying, for example, the human welfare benefits of a forest to reduce flooding and erosion while sequestering carbon, providing habitat for endangered species, and absorbing harmful chemicals, such monetization ideally provides a tool ...
The basic conceptualization of nature from the perspective of environmental economics is that manufactured capital can be used as a substitute for natural capital. [13] The definition of PES provided by environmental economics is the most popular: a voluntary transaction between a service buyer and service seller that takes place on the condition that either a specific ecosystem service is ...
The Convention on Biological Diversity (CBD), known informally as the Biodiversity Convention, is a multilateral treaty.The Convention has three main goals: the conservation of biological diversity (or biodiversity); the sustainable use of its components; and the fair and equitable sharing of benefits arising from genetic resources.
Biodiversity is the result of 3.5 billion years of evolution. [106] The origin of life has not been established by science, however, some evidence suggests that life may already have been well-established only a few hundred million years after the formation of the Earth .
The Report examined the rate of decline in biodiversity and found that the adverse effects of human activities on the world's species is "unprecedented in human history": [14] one million species, including 40 percent of amphibians, almost a third of reef-building corals, more than a third of marine mammals, and 10 percent of all insects are ...